DIRS.INFO The most relevant business & tech news

☆ US judge orders new congressional map in Georgia, citing harm to Black voters
▼ + stars: | 2023-10-26 | by ( Joseph Ax | ) www.reuters.com time to read: +2 min

A voter casts his ballot for midterm elections at a polling station in Marietta, Georgia, U.S., November 8, 2022. Democrats need to add only five seats nationally to wrest back the House majority they lost in 2022. The Georgia ruling comes four months after the U.S. Supreme Court found that Alabama's Republican-drawn map illegally harmed Black voters. A panel of federal judges has since approved a new map that added a near-majority-Black district to the state's lone majority Black district. Despite "great strides" in providing Black voters more opportunities over the decades, Jones wrote, "the political process is not equally open to Black voters."

Persons: Bob Strong, District Steve Jones, Jones, Joseph Ax, Alistair Bell Organizations: REUTERS, Republican, U.S, District, Republicans, . House, Supreme, Thomson Locations: Marietta , Georgia, U.S, Georgia

☆ BMW cars segment sees earnings boost on higher pricing, EV sales
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] A BMW SUV moves down the assembly line at the BMW manufacturing plant in Greer, South Carolina, U.S., October 19, 2022. Inflation and interest rates in key markets are high. The carmaker continues to expect slight growth in Europe, robust sales in the United States, and a stabilising economy in China. BMW's financing and leasing business suffered in line with that of other carmakers like Porsche under persistently high interest rates and price Increases, with the volume of new business dropping 14% and earnings down 6.2%. Reporting by Victoria Waldersee; Editing by Maria SheahanOur Standards: The Thomson Reuters Trust Principles.

☆ BMW cautiously optimistic on 2023, EV targets ahead of schedule
▼ + stars: | 2023-03-15 | by ( Victoria Waldersee | ) www.reuters.com time to read: +3 min

[1/2] A BMW SUV moves down the assembly line at the BMW manufacturing plant in Greer, South Carolina, U.S., October 19, 2022. The company said it planned to keep prices stable, after years of dealing with rising costs by passing them on to customers. "We see hydrogen-electric vehicles as a meaningful complement to e-mobility, even with something of a time lag," Zipse said. The BMW iX5 Hydrogen* test vehicle, with a range of 500 km (310 miles) and an ability to refuel in three to four minutes, was being tested in various countries, BMW said in a statement. ($1 = 0.9319 euros)Reporting by Victoria Waldersee; Additional reporting by Danilo Masoni; editing by Paul Carrel, Bradley Perrett, Tomasz Janowski and Christina FincherOur Standards: The Thomson Reuters Trust Principles.

☆ Black women are gaining ground in the labor market but still face unique barriers
▼ + stars: | 2023-02-03 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

January's drop in Black unemployment was propelled by gains made by Black women, whose unemployment rate excluding teenagers dropped to 4.7% in January from 5.5% in December. The last time the Black unemployment rate was below 5.5% was in September 2019, while Black women last had a sub-5% unemployment rate in November 2021. She pointed to the discrimination Black people face in hiring and the increased likelihood of layoffs Black workers experience as two examples. While Black men saw a 0.2 percentage point gain between December and January, Black women added 1.1 percentage points. She said the gains in employment could be attributed at least in part to the tightness of the overall labor market.

☆ German premium car brands handled supply chain woes better than VW
▼ + stars: | 2023-01-10 | by ( Victoria Waldersee | ) www.reuters.com time to read: +3 min

[1/4] The new hybrid-electric BMW XM is displayed at the BMW manufacturing plant in Greer, South Carolina, U.S., October 19, 2022. Though the fourth quarter provided universal relief for the carmakers, China's extensive lockdowns early in the year were particularly hard on sales volumes. Audi's deliveries fell 3.9% to 1.61 million, with Europe the only region to register marginal growth after an 18.7% jump in German sales. That compared with only a 1% drop in Mercedes-Benz total sales and its 143% leap in deliveries of electric and hybrid vehicles. The Volkswagen brand fared worst year on year, with a 6.8% fall in sales attributed to supply chain issues affecting all model types.

☆ BMW fined by UK watchdog over information request
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +2 min

[1/2] BMW logo is seen on a vehicle at the BMW manufacturing plant in Greer, South Carolina, U.S., October 19, 2022. REUTERS/Bob Strong/File PhotoDec 8 (Reuters) - The UK's anti-trust regulator fined German luxury carmaker BMW (BMWG.DE) 30,000 pounds ($36,519) plus a further daily penalty of 15,000 pounds on Thursday over a disputed information request related to an ongoing auto industry probe. BMW said in March it would respond to regulators' information requests but the CMA said that while the company's British unit had provided information, "the wider BMW Group has failed to comply fully with the CMA's legal request, and has claimed the CMA does not have jurisdiction." BMW said in an emailed statement that the "CMA does not have the legal power to compel foreign companies to produce documents held entirely outside the UK jurisdiction". The CMA said the daily penalty will continue to accumulate until BMW provides the requested information, or the watchdog issues an infringement decision, or closes the case.

☆ Runoff election in Georgia may decide fate of U.S. Senate, again
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

[1/2] Reverend Raphael Warnock, Democratic Senator from Georgia, speaks to supporters at a U.S. midterm election night party in Atlanta, Georgia, U.S., November 9, 2022. REUTERS/Bob StrongWASHINGTON, Nov 9 (Reuters) - Control of the U.S. Senate may once again be decided in Georgia, weeks after Election Day as a tight race between Democratic incumbent Raphael Warnock and Republican challenger Herschel Walker could be headed to a Dec. 6 runoff. But Warnock has not yet reached the 50% threshold needed to avoid a runoff, according to data from Edison Research. It was one of two Senate seats up for grabs in the formerly reliably Republican state. So far, Warnock's campaign has spent $135.8 million, while Walker's campaign has spent $32.4 million, according to data from the Federal Election Commission.

☆ An often-overlooked economic measure is signaling serious trouble ahead
▼ + stars: | 2022-10-20 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

However, Fed officials are stressing that they're far from finished when it comes to raising rates. "When this basket is signaling the weakness that it's showing, what the Fed typically does is not raise rates. But in this case, it's not only raising rates aggressively, but with a commitment to continue raising rates aggressively." In addition to the typical headline metrics such as the consumer price index and the Fed's preferred personal consumption expenditures price index, the Cleveland Fed's "sticky price" CPI rose 8.5% on an annualized basis in September, up from 7.7% in August. The measure looks at items such as rent, the price of food away from home and recreation costs.

☆ BMW invests $1.7 bln to build electric vehicles in U.S.
▼ + stars: | 2022-10-19 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

An employee works at the BMW manufacturing plant in Greer, South Carolina, U.S., October 19, 2022. The luxury automaker plans to build at least six fully electric BMW models in the United States by 2030. BMW Group had already announced that four additional battery cell factories will be built in Europe and China to meet its needs. BMW's 30-year-old South Carolina plant has built more than 6 million vehicles, employs more than 11,000 people, and has an annual production capacity of up to 450,000 vehicles. South Carolina awarded a $65 million grant to Spartanburg County to assist with costs related to the project.

Search resuls for: "Bob Strong"

9 mentions found